Technical Analysis – WTI oil futures cautiously bearish ahead of multi-year low
WTI oil futures continues to reflect signals of a negative market after breaking the 49.29 low and even plummeting past the 18-month trough of 42.53 from December 2016, which resulted in the commodity gapping towards a multi-year bottom of 27.32. The short-term oscillators maintain a negative picture with the MACD, in the negative zone, declining […]